This week, the Crypto Assets market has shown a trend of Fluctuation, and the movements of Bitcoin (BTC) and Ethereum (ETH) are worth investors' close attention.
Bitcoin is currently in a relatively weak position, with weekly and daily trends not looking optimistic. Although it has not yet fully broken below the $108 level, it is expected to continue to probe lower. The $106-$107 range may see a spike, which will be an important support level. If it can stabilize at this position, a rebound may occur later, but the strength may be limited. Investors should follow the resistance levels in the $115-$116 range. If the support level is breached, the withdrawal pressure may increase.
In contrast, Ethereum has shown a relatively strong performance. Last week, it pulled back to $4300 without fully breaking down, and then rebounded to near the $4500 resistance level. Currently, we are focusing on the support in the $4300-$4350 range. If it drops this week under the influence of Bitcoin, as long as it does not close below $4300, there is still hope for a rebound to the $4500-$4600 range. If it can stabilize at $4600, it may further explore the $4800-$5000 range. However, if it closes below $4300, there may be a spike in the $4000-$4200 range.
Overall, both major mainstream Crypto Assets are facing a test of key support levels. Investors should closely follow the performance of these key price levels to assess the future market direction. At the same time, attention should also be paid to the overall market sentiment and external factors that could potentially impact Crypto Assets prices.
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ApeDegen
· 09-01 06:52
If I short, I lose.
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LayoffMiner
· 09-01 06:52
Ah, I am an old miner in the crypto world now, relying on my parents and unemployed, losing money like my ancestors for eighteen generations.
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BTCRetirementFund
· 09-01 06:49
When can I breakeven? I'm losing my hair.
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EntryPositionAnalyst
· 09-01 06:40
play people for suckers and then rebound, those who understand know.
This week, the Crypto Assets market has shown a trend of Fluctuation, and the movements of Bitcoin (BTC) and Ethereum (ETH) are worth investors' close attention.
Bitcoin is currently in a relatively weak position, with weekly and daily trends not looking optimistic. Although it has not yet fully broken below the $108 level, it is expected to continue to probe lower. The $106-$107 range may see a spike, which will be an important support level. If it can stabilize at this position, a rebound may occur later, but the strength may be limited. Investors should follow the resistance levels in the $115-$116 range. If the support level is breached, the withdrawal pressure may increase.
In contrast, Ethereum has shown a relatively strong performance. Last week, it pulled back to $4300 without fully breaking down, and then rebounded to near the $4500 resistance level. Currently, we are focusing on the support in the $4300-$4350 range. If it drops this week under the influence of Bitcoin, as long as it does not close below $4300, there is still hope for a rebound to the $4500-$4600 range. If it can stabilize at $4600, it may further explore the $4800-$5000 range. However, if it closes below $4300, there may be a spike in the $4000-$4200 range.
Overall, both major mainstream Crypto Assets are facing a test of key support levels. Investors should closely follow the performance of these key price levels to assess the future market direction. At the same time, attention should also be paid to the overall market sentiment and external factors that could potentially impact Crypto Assets prices.